https://www.taxtmi.com/caselaws?id=220922 The court held that the Assessing Officer's attempt to rectify the order was invalid as it did not fall within the scope of Section 154 of the Income Tax Act, 1961. The court emphasized that the Commissioner of Income Tax (Appeals) order, which had become final, should stand, and the AO's rectification was impermissible, effectively nullifying the CIT(A)'s decision. The court reiterated that Section 154 cannot be used to re-interpret settled matters. The court ruled in favor of the assessee, allowing both tax appeals without costs. en-us Fri, 01 Feb 2013 00:00:00 +0530 Thu, 14 Feb 2013 06:13:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220922 The court held that the Assessing Officer's attempt to rectify the order was invalid as it did not fall within the scope of Section 154 of the Income Tax Act, 1961. The court emphasized that the Commissioner of Income Tax (Appeals) order, which had become final, should stand, and the AO's rectification was impermissible, effectively nullifying the CIT(A)'s decision. The court reiterated that Section 154 cannot be used to re-interpret settled matters. The court ruled in favor of the assessee, allowing both tax appeals without costs. Case-Laws Income Tax Fri, 01 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220922